HOSTWAY OFFERS NEW SECURITY TOOL BY VISA AND MASTERCARD.Hostway Corp., has introduced a new tool that will provide their online shoppers with a great sense of confidence and security while shopping on their online store. Hostway has partnered with CardinalCommerce to offer Verified by Visa Verified by Visa is a system used by Visa as an added layer of security for online credit and debit cards transactions. A similar system is used by MasterCard under the name SecureCode (which is completely separate from verified by Visa, although it uses the same protocol). and MasterCard SecureCode, to ecommerce hosting customers who use Hostway's Merchant Manager shopping cart. Verified by Visa and MasterCard SecureCode are rapidly growing programs that offer an extra level of protection to enrolled Visa and MasterCard cardholders. This is achieved by requiring them to enter a password or PIN when making online purchases with participating merchants. "Hostway strives to offer innovative products to our customers that help make their online businesses more successful. Running an efficient, secure online shopping experience for their customers should be a priority for any merchant and we are excited to partner with CardinalCommerce to offer just that to our customers," said John Lee, VP of Marketing at Hostway. These fraud protection programs benefit both merchants and their customers. It's 100% free for cardholders to enroll in these programs through Visa and MasterCard, and provides consumers the reassurance REASSURANCE. When an insurer is desirous of lessening his liability, he may procure some other insurer to insure him from loss, for the insurance he has made this is called reassurance. that even if their credit card number is stolen, it cannot be used for fraudulent The description of a willful act commenced with the Specific Intent to deceive or cheat, in order to cause some financial detriment to another and to engender personal financial gain. purchases on participating ecommerce sites. Merchants that choose to participate will benefit from a nearly 70% reduction in chargebacks that stem from disputed (often fraudulent) charges. This benefit of "chargeback Chargeback The charge a credit card merchant pays to a customer after the customer successfully disputes an item on his or her credit card statement. Notes: Customers dispute charges to their credit card usually when goods or services are not delivered within the blocking" is automatic, and protection applies to both US and international transactions. "Sites that offer Verified by Visa and MasterCard SecureCode are very attractive to customers because they add an extra level of security to online purchases. It also reflects well upon merchants because offering these programs indicates that they care a great deal about their customers' welfare," said Kendall Ken·dall , Edward Calvin 1886-1972. American biochemist. He shared a 1950 Nobel Prize for discoveries concerning the hormones of the adrenal cortex. Myles, senior VP of Merchant Services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or at CardinalCommerce. About Hostway Hostway Corporation provides Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality to more than 300,000 customers worldwide. Hostway helps individuals, small businesses and large enterprises achieve more value from state-of-the-art Web-based technologies by reducing their complexity and cost. Founded in 1998, Hostway is one of the five largest Web hosting companies in the World with offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. (Chicago, Tampa, Austin and Vancouver), Europe (London, Frankfurt, Hannover and Amsterdam) Asia (Seoul) and Australia (Sydney). For more information about Hostway Corporation, visit http://www.hostway.com/ or call 1-866-467-8929. About CardinalCommerce CardinalCommerce Corporation is a provider of e-commerce platforms driving merchant growth. Cardinal developed Centinel to enable merchants a simple way to launch applications designed to increase revenue. Centinel is easily installed and is utilized by merchants worldwide. Cardinal Centinel has capabilities ranging from Verified by Visa and MasterCard SecureCode, to alternative payments such as PayPal, Bill Me Later, and Secure e Bill. CardinalCommerce can be found on the World Wide Web at http://www.cardinalcommerce.com/. For more information, call 312/994-7720. |
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